CoStar Group

CoStar Group, Inc. provides commercial real estate information, analytics, and online marketplaces to the commercial real estate and related business communities. The firm’s suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values and market conditions. Its brands include CoStar, which is the largest provider of CRE research and real-time data, LoopNet, which is the most heavily trafficked mobile and online real estate marketplace, Apartments.com, which is the rental home resource for renters, property managers and owners, STR, which provides performance benchmarking and comparative analytics to the hotel industry, BizBuySell, which is the online marketplace for businesses-for-sales, and Lands of America, which is the operator of online marketplaces for rural real estate. The company was founded by Andrew C. Florance and Michael R. Klein in 1987 and is headquartered in Washington, DC.

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CoStar Group reports robust Q4 earnings, eyes long-term growth targets

CoStar Group's Q4 2022 earnings call highlighted strong financial results, ongoing investments in key segments, and a focus on sustainable growth. The company is optimistic about achieving its long-term revenue and EBITDA targets, despite facing challenges in margin contraction and investment management.

CoStar Group reports robust Q1 earnings, eyes European expansion

CoStar Group delivered strong Q1 2023 results, driven by revenue growth across key segments like Apartments.com, Homes.com, and LoopNet, showcasing operational strength.
While facing challenges in revenue guidance adjustments and increased spending, the company remains focused on growth opportunities in new markets and strategic investments.
With a solid financial foundation, diverse revenue mix, and confidence in market resilience, CoStar is poised to navigate challenges and capitalize on emerging opportunities for sustained growth.
The company's performance highlights its ability to adapt to market dynamics, leverage strengths in key business areas, and pursue strategic initiatives for long-term success.

CoStar Group excels in Q2 earnings, poised for strategic growth

CoStar Group delivered impressive Q2 results with revenue surpassing expectations and strong EBITDA performance.
While facing challenges in sales growth in some segments, CoStar's diverse product offerings and market strategies position it well for future growth.
Strategic focus on premier ads, value propositions, and investments in innovation underscore CoStar's commitment to driving revenue and market expansion.

CoStar Group reports robust Q3 growth, eyes European expansion

CoStar Group's Q3 performance reflects strong revenue growth, robust sales momentum, and strategic investments positioning the company for continued success and market leadership.
Despite challenges in meeting EBITDA guidance and booking volatility, CoStar's diversified revenue streams, market focus, and growth initiatives present opportunities for sustained growth and expansion.
With a focus on disruptive technologies, market expansion, and content enhancement, CoStar is poised to capitalize on growth opportunities in the U.K., Europe, and the residential market segment.
Overall, CoStar Group's performance highlights resilience, strategic foresight, and a strong market position, setting the stage for continued growth and value creation in the real estate information and marketplace sector.

CoStar Group reports robust 2023 performance and strategic growth plans

CoStar Group's strong 2023 performance, marked by revenue growth and improved net income, positions the company well for future growth.
While facing challenges such as declining legacy revenue and increased capital expenditures, strategic opportunities in residential markets and international expansion offer avenues for growth.
The company's focus on driving operating leverage in commercial businesses while funding residential marketplace strategy underscores a balanced approach to growth and profitability.
Overall, CoStar Group's financial strategy for 2024 aims to capitalize on strengths, address challenges, and leverage opportunities for sustained growth and profitability.

CoStar Group excels in Q1 2024, acquires Matterport for growth

CoStar Group delivered strong Q1 2024 results, surpassing revenue estimates and setting record metrics in key segments and market engagement.
Strategic acquisitions, like Matterport, and robust segment performances position CoStar for sustained growth and enhanced market presence.
While facing challenges in balancing segment revenues and short-term profitability, CoStar's focus on operational efficiency and growth opportunities remains strong.
Overall, CoStar's outlook for the year indicates a positive trajectory with revenue growth, enhanced data capabilities, and market expansion opportunities.

CoStar Group excels in Q2 2024, eyes sustained growth

CoStar Group delivered impressive financial results in Q2 2024, driven by revenue growth and operational efficiency.
While facing challenges in certain segments, the company's strong performance and market reach position it well for future growth.
With revised revenue guidance and increased full-year outlook, CoStar Group remains focused on sustained growth and market leadership.

CoStar Group excels in Q3 2024, eyes growth through acquisitions

CoStar Group's Q3 2024 showcased strong financial results, exceeding expectations across revenue, net income, and EBITDA. The company's diverse segments, including Apartments.com and commercial real estate, demonstrated resilience and growth potential.
While facing challenges with Homes.com, CoStar remains poised for growth with strategic acquisitions like Visual Lease and ongoing investments in sales forces. The outlook for 2024 indicates a positive trajectory with revenue growth and adjusted EBITDA expectations.

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CoStar Group, Inc. engages in the provision of online real estate marketplaces, information, and analytics in the commercial and residential property markets. It operates through the North America and International geographical segments. The North America segment includes the United States and Canada. The International segment refers to Europe, Asia-Pacific, and Latin America. The company was founded by Andrew C. Florance and Michael R. Klein in 1987 and is headquartered in Washington, DC.

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CoStar missed on earnings Tuesday afternoon. And that's the good news -- because its guidance looks much worse.

Why CoStar Group Stock Dropped 5.2% This Morning

CoStar's (CSGP) fourth-quarter 2022 results reflect solid top-line growth, led by the Apartments.com business segment.

CoStar (CSGP) Q4 Earnings Top Estimates, Revenues Rise Y/Y

CoStar (NASDAQ: CSGP ) stock is falling on Wednesday following the release of the company's earnings report for the full year of 2022. The latest earnings report is positive with Q4 adjusted earnings per share of 38 cents.

Why Is CoStar (CSGP) Stock Down 11% Today?

CoStar (CSGP) delivered earnings and revenue surprises of 11.77% and 0.95%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

CoStar Group (CSGP) Beats Q4 Earnings and Revenue Estimates

CoStar Group, Inc. (NASDAQ:CSGP ) Q4 2022 Earnings Conference Call February 21, 2023 5:00 PM ET Company Participants Cyndi Eakin - SVP, IR & Controller Andrew Florance - Founder, Director, President & CEO Scott Wheeler - CFO Conference Call Participants George Tong - Goldman Sachs Peter Christiansen - Citigroup Heather Balsky - Bank of America Stephen Sheldon - William Blair Ryan Tomasello - Stifel Jeffrey Meuler - Robert W. Baird John Campbell - Stephens Ashish Sabadra - RBC Capital Markets Jeffrey Silber - BMO Stephanie Moore - Jefferies.

CoStar Group, Inc. (CSGP) Q4 2022 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--News Corp today confirmed that it is no longer engaged in discussions with CoStar Group, Inc. (NASDAQ: CSGP) regarding a potential sale of Move, Inc, operator of Realtor.com®. News Corp will continue to actively assess opportunities to support the Company's strategy to optimize the value of its Digital Real Estate Services segment and otherwise maximize shareholder value.

News Corp Provides Update on Discussions Regarding Move, Inc.

News Corp

News Corp had been in talks to sell the parent of Realtor.com to CoStar for about $3 billion.

CoStar Group CEO Says Firm Not Acquiring Move Real Estate Business From News Corp

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the year ended December 31, 2022 was $2.18 billion, an increase of 12% over revenue of $1.94 billion for the full year of 2021. Revenue for the fourth quarter of 2022 was $573 million, an increase of 13% over revenue of $507 million for the fourth quarter of 2021.

CoStar Group 2022 Revenue Increased 12% Year-over-Year and Full Year Net New Bookings Grew 41% to a Record $305 Million

WASHINGTON--(BUSINESS WIRE)--CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, released today its 2023 Environmental, Social, and Governance Report. The report highlights the company's commitment to making business decisions that prioritize its people, communities, and shareholders through meaningful environmental, social and governance (ESG) practices.

CoStar Group Publishes 2023 Environmental, Social, and Governance Report

CoStar (CSGP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: CoStar Group (CSGP) Q4 Earnings Expected to Decline

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WASHINGTON--( BUSINESS WIRE )--CoStar Group, Inc. (NASDAQ: CSGP) will announce financial results for the fourth quarter and full year 2022 following the market close on Tuesday, February 21, 2023. Management will conduct a conference call to discuss the fourth quarter and full year results, as well as the Company's outlook at 5:00 PM EST that same day.

CoStar Group to Report Financial Results for Fourth Quarter and Full Year 2022 on February 21, 2023

WASHINGTON--( BUSINESS WIRE )--Andy Florance, Founder and Chief Executive Officer of CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, today was honored as one of Inman's Inaugural 2023 Power Players.

CoStar Group Founder and CEO Andy Florance Named an Inman 2023 Power Player

WASHINGTON--( BUSINESS WIRE )--The Swanepoel Power 200 (SP 200), the definitive ranking of the residential real estate brokerage industry's executives and leaders, has named Andy Florance, Founder and Chief Executive Officer of CoStar Group (NASDAQ: CSGP), as one of the nation's ten most powerful and influential people in real estate for 2023.

CoStar Group CEO and Founder Andy Florance Named as Top Ten on SP200 Real Estate's Most Powerful and Influential List

WASHINGTON--( BUSINESS WIRE )--Today, Apartments.com – a CoStar Group company – published an in-depth report of multifamily rent growth trends for Q4 2022 backed by analyst observations. Across the board, multifamily fundamentals continued to deteriorate throughout the fourth quarter with limited absorption, significant imbalances between supply and demand and ongoing economic uncertainty.

Apartments.com Releases Q4 2022 Growth Report

CoStar Group is a long-term revenue growth play in the real estate listing market. The company's revenue is expected to grow at a CAGR of low-double digits in the next five years.

CoStar Group Offers An Excellent Long-Term Investing Opportunity

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You Can Still Score On 6 Stocks Before They Join The Nasdaq 100

WASHINGTON--( BUSINESS WIRE )--CoStar Group (NASDAQ: CSGP), a leading global provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, announced today that the company will be added to the NASDAQ 100 Index®, effective prior to the opening of trading on Monday, December 19, 2022.

CoStar Group Selected by NASDAQ for 100 Index®

Nasdaq Inc. NDAQ, -1.54% said late Friday it's adding CoStar Group Inc. CSGP, -2.05% , Rivian Automotive Inc. RIVN, -4.51% , Warner Bros. Discovery Inc. WBD, +3.07% , GlobalFoundries Inc. GFS, +1.60% , Baker Hughes Com.

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WASHINGTON--( BUSINESS WIRE )--Apartments.com – a CoStar Group company – released an in-depth report of multifamily rent growth trends for November 2022 backed by analyst observations. Monthly asking rents declined for their fourth straight month with the Sunbelt, Las Vegas and Phoenix highlighting the true nature of the deteriorating rent situation.

Apartments.com Publishes November 2022 Growth Report

WASHINGTON--( BUSINESS WIRE )--CoStar Group (NASDAQ: CSGP) – a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets – today announced the next steps in its integration of Homes.com and Homesnap.

CoStar Group Integrates Homesnap Operations With Homes.Com

WASHINGTON--( BUSINESS WIRE )--CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, has been selected as a Tech 100 Honoree by Northern Virginia Technology Council (NVTC), the membership and trade association for the Northern Virginia technology community.

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